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February 11, 2022
Question

Box 5 “scholarships and grants” not showing up on w2 form entry for my 1098-T. Just shows medicare and tips. Where should i put scholarships?

  • February 11, 2022
  • 2 replies
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2 replies

February 11, 2022

If the school considers part of your scholarship as taxable income, you should receive a W-2 from the scholarship’s provider showing the taxable portion in box 1.

 

Enter the amount of scholarship reported on form 1098-T box 5 in the education section.

  1. Go to Federal Taxes,
  2. Go to Deductions and Credits.
  3. Scroll down to Education and click show more.
  4. Scroll down to Expenses and Scholarships (Form 1098-T) and click Revisit.
  5. Answer Yes for the question if you received a 1098-T.
  6. On the following screen choose the student.
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Hal_Al
Employee
February 11, 2022

There is no place on a W-2 for scholarships.  So, it is correct that  scholarships and grants are not showing up on your w2 form.  

It's rare, but when a student works for the school, sometimes his scholarships will show in box 5 of the 1098-T and also be included in box 1 of his W-2.  This is duplicate (and erroneous) reporting.

But, the TurboTax (TT) 1098-T interview handles it. After entering the 1098-T, you will be asked if any of the box 5 amount was already reported on a W-2.  When you enter the amount, TT will "back it out". 

But, don't do that unless you're sure your school did double report.